Hungary to offer life tax exemption for women with 4 or more kids | Daily Current Affairs 2021

Hungary to offer life tax exemption for women with 4 or more kids

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Aiming to encourage women to have more children and resolve the declining population, Hungary’s government has annouced a series of benefits for women.

Making the annoucement Hungarian PM Viktor Orban, highlighted a series of benefits. The benefits include a lifetime personal income-tax exemption for women who give birth and raise at least four children; a subsidy of 2.5 million forints (USD 8,825) toward the purchase a seven-seat vehicle for families with three or more children; and a low-interest loan of 10 million forints (USD 35,300) for women under age 40 who are marrying for the first time. Orban, who has made zero tolerance for immigration his main theme in the past four years and was elected to a third consecutive term in April, said the initiative is meant to ensure the survival of the Hungarian nation.’

He also listed some of his government’s economic achievements — low unemployment and promised to fight poverty. He said, ‘We have to understand that the European peoples have come to a historical crossroads. Those who decide in favor of immigration and migrants, no matter why they do so, are in fact creating a country with a mixed population. Europe’s left-wing has become ‘the gravedigger of nations, the family and the Christian way of life’.

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